Archive for February 28, 2012

2/28/2012 6:59 PM

BAGHDAD / Aswat al-Iraq: The Iraqi Parliamentary Foreign Relations Commission today called the international community to play greater role in removing Iraq from UN Security Council’s Chapter VII and adopting a clear stand to support its legitimate issues, according to a statement.

The statement added that the Commission today received a delegation from the British Embassy in Baghdad. (more…)

With the Iraq index up nearly a fifth on last year and the release of an oil export bottleneck on track, Iraq is looking promising for investors.

The economy is set to expand 12.6 per cent this year, according to the IMF, the fastest rate in the Middle East and North Africa.

It is this speedy growth that is catching the eye of investors, to the extent that EFG-Hermes, the biggest publicly traded Arab investment bank, has started offering an equity-swap product linked to Iraqi securities.

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Cropped image of Iraqi Foreign Minister Hoshya...

KUWAIT, Feb 28 (KUNA) — Iraqi foreign minister Hoshyar Zebari arrived in Kuwait Tuesday on top of an official delegation.

The Iraqi top diplomat was received at the airport by Deputy Premier, foreign minister and minister of state for Cabinet Affairs Sheikh Sabah Khaled Al-Hamad Al-sabah, and foreign undersecretary Khaled Al-Jarallah.

Later, Sheikh Sabah held a dinner banquet in honor of Zebari and his delegation.

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Tuesday, February 28, 2012 06:24

BAGHDAD / Baghdadiya News / .. A member of the Commission on oil and energy parliamentary Ali Fayad said his committee will be during next month’s draft oil and gas law to the parliament, Not striking that some modifications have occurred in the draft in line with the supreme interest of the country (more…)

Article One

Erbil, February 28 (Rn) – Iraq demanded Tuesday of the United States formally extended the protection of its funds abroad for another year.

Iraq had last year formed committees to undertake the task of recovery of Iraqi funds in a number of countries after the adoption of the law of recovery of Iraqi funds abroad by the House of Representatives.

The UN Security Council voted unanimously in mid-January on the last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes and cancel the oil for food program. (more…)

Reblogged from The Currency Newshound:

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28 February 2010

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened.

"The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy," Maliki said in response to some questions through the National Information Center.

Read more… 172 more words

On: Tuesday 28/02/2012 13:12

Baghdad (news) .. Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency as strategic for the country as it will reduce the mass of cash circulating in the local markets.

Saleh said (of the Agency news) said on Tuesday: The central bank exceeded the advanced stages in the preparation of studies and preparations logistics task for the project to delete the three zeroes from the currency and within a specific timeframe as a reform project of the Iraqi currency. (more…)

source revealed on Tuesday that Foreign Minister Hoshyar Zibaar will travel tomorrow to Kuwait to discuss the details of the visit of Iraqi Prime Minister to it, while pointing out that the date for that visit will be a mid-March.

The source said in an interview for “Alsumaria News”, “Foreign Minister Hoshyar Zebari will fly, tomorrow, to Kuwait, heading a delegation from the ministry to discuss the visit of Prime Minister Nuri al-Maliki to Kuwait.”

The source, who asked not to be named “The visit Zebari of Kuwait will address the prospects of Maliki’s visit anticipated the importance of agreeing on activation of the outstanding issues and resolve in preparation for laying the foundations of positive to remove Iraq from Chapter VII, “noting that” Maliki’s visit have been identified in the middle of next March. ” (more…)

Tuesday, 28 February 2012

Baghdad (AIN) –The Kuwaiti Qabas Newspaper mentioned that “The Iraqi Premier Nouri al-Maliki will visit Kuwait to discuss possible settlement for the pending issues between both countries next March.” (more…)

28/02/2012

Experts at the seminar stressed the economic Mustansiriya

Addressed the economic seminar organized by the Department of Economic Studies at the Center for Arabic Studies Mustansiriya and international three studies, the economic dimensions to raise zeros from the Iraqi currency is expected to direct the new currency in circulation in early 2013.

Participated in the symposium sponsored by the President of the University Mustansiriya and Prof. Dr. Haidar Taher Saadi A number of economists and interested and Okadeimun contributed to the enrichment of the research discussions summarized the advantages and disadvantages of the process of removing zeros. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the 28-FEB-2012. The results were as follows:

DETAILS NOTES
Number of banks 22
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 212,816,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 212,816,000
Total offers for selling (US$) —–

On: Tuesday 28/02/2012 12:04

Baghdad (news) .. Noted banking expert Mohsen Ali importance of the introduction of technology banking modern world in the work of Iraqi banks and training of staff to develop their work.

Ali (of the Agency news) said on Tuesday: The Iraqi banks two branches of public and private need to introduce new technology in place in most international banks and training capacity human on these techniques and the English language in order to communicate with the world in order to be Iraqi banks sober and with a good reputation. (more…)